China’s rise was made possible by its integration into a rules-based international system. Competitive pressures and sensitivities, however, strained relations with many of its key trading partners.
China’s rise was made possible by its integration into a rules-based international system. Competitive pressures and sensitivities, however, strained relations with many of its key trading partners.
Internationally, Xi confronts a trade war with the United States, a political push to uproot manufacturing supply chains and decouple from China, and a bleak overall outlook for global trade due to the coronavirus pandemic.
New data reveal how Trump’s trade war backfired. Despite U.S. tariffs, China has increased its trade surplus and diversified its export markets.
For all the talk of sweeping change, U.S. dependence on Asian manufacturing is both deeply rooted and remarkably stable over time.
As the trade war between China and the United States intensifies, supply chains are starting to see the impact. But U.S. protectionism may be backfiring.
Taiwan’s coronavirus success was based on efficient coordination across the public and private sectors coupled with innovative deployment of advanced technology.
Taiwan is a victim of its past success—dominating important industries, such as semiconductors, but underinvesting in the new fields.
Digitization and new technologies like machine learning are changing the future of work and service delivery.
Nationalist and protectionist impulses have hampered the exchanges of knowledge and goods that foster economic growth. Similar failures of global coordination are now exacerbating the coronavirus pandemic.
The U.S.-China trade deal undermines the interests of the broader global community in favor of the arbitrary whims of great powers. When it all falls apart—and takes out remaining parts of the current trade order with it—even Trump may find that the United States is worse off.